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Hungary GDP Growth Rate (QoQ)

Hungary's Quarter-over-Quarter GDP growth rate rose to 0.4% in Q2 2025 from -0.1% in Q1 2025. This expansion reflects increased domestic demand particularly private consumption which benefited from higher social transfers and real income growth. Industrial production also rebounded after a prior decline. Government fiscal support contributed to the economic momentum. Hungary's record low GDP growth rate was -14.5% in Q2 2020 and record high was 11.8% in Q3 2020.

Quarterly Historical Data (2015-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 0.4%
Q1 2025 -0.1%
Q4 2024 0.6%
Q3 2024 -0.6%
Q2 2024 -0.3%
Q1 2024 0.4%
Q4 2023 -0.4%
Q3 2023 1.4%
Q2 2023 0.1%
Q1 2023 -0.4%
Q4 2022 -1%
Q3 2022 -1.1%
Q2 2022 1%
Q1 2022 1.3%
Q4 2021 2.5%
Q3 2021 1.2%
Q2 2021 2.2%
Q1 2021 1.2%
Q4 2020 1.8%
Q3 2020 11.8%
Q2 2020 -14.5%
Q1 2020 -0.3%
Q4 2019 0.7%
Q3 2019 1.4%
Q2 2019 0.3%
Q1 2019 2.1%
Q4 2018 1.1%
Q3 2018 1.5%
Q2 2018 0.9%
Q1 2018 1.9%
Q4 2017 1.5%
Q3 2017 0.9%
Q2 2017 1.2%
Q1 2017 1.2%
Q4 2016 0.9%
Q3 2016 0.5%
Q2 2016 1.2%
Q1 2016 -0.2%
Q4 2015 1.1%
Q3 2015 0.8%

Recent Events

datetime event actual previous consensus
2025-09-02 02:30 AM GDP Growth Rate QoQ Final (Q2) 0.4% -0.1% 0.4%

Next Release Date :

Hungary GDP Growth Rate (QoQ) : Definition
Hungary's Quarter-over-Quarter GDP growth rate measures the percentage change in the country's total economic output from one three-month period to the next. It is calculated by comparing the current quarter's Gross Domestic Product, expressed in Hungarian Forints (HUF) and adjusted for seasonal and calendar effects, against the value recorded in the immediately preceding quarter.
Indicator Last Value Prior Value Period
GDP $222.9B $214.02B 2024
GDP Annual Growth Rate 0.51% -0.84% 2024
GDP Growth Rate (YoY) 0.1% 0% Jun'25
GDP per Capita $16,524.82 $16,389.39 2024
GDP per Capita PPP $40,702.15 $40,368.59 2024
R&D Expenditure (% GDP) 1.39% 1.64% 2022
Real GDP $158.02B $157.21B 2024